Hillsdale Investment Management Inc. bought a new position in shares of Box, Inc. (NYSE:BOX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,500 shares of the software maker’s stock, valued at approximately $155,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA grew its holdings in Box by 843.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after buying an additional 8,749 shares during the period. StepStone Group LP acquired a new position in shares of Box during the 2nd quarter valued at about $180,000. Amalgamated Bank acquired a new position in shares of Box during the 2nd quarter valued at about $183,000. Bluestein R H & Co. acquired a new position in shares of Box during the 2nd quarter valued at about $192,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Box during the 1st quarter worth about $177,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Shares of Box, Inc. (NYSE:BOX) opened at 18.79 on Tuesday. The stock’s 50 day moving average price is $18.42 and its 200-day moving average price is $18.42. The stock’s market capitalization is $2.51 billion. Box, Inc. has a 12 month low of $13.56 and a 12 month high of $19.44.

Box (NYSE:BOX) last posted its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The business had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. During the same period in the prior year, the firm earned ($0.14) EPS. Box’s quarterly revenue was up 28.4% compared to the same quarter last year. Equities analysts forecast that Box, Inc. will post ($0.45) earnings per share for the current fiscal year.

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In other Box news, Director Rory O’driscoll sold 115,000 shares of Box stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $18.08, for a total value of $2,079,200.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Fisher Jurvetson Fund V. Draper sold 320,000 shares of Box stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $18.07, for a total value of $5,782,400.00. The disclosure for this sale can be found here. Insiders sold a total of 1,306,534 shares of company stock worth $24,218,851 in the last quarter. Insiders own 20.59% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and issued a $17.00 target price on shares of Box in a report on Wednesday, August 16th. UBS AG upgraded shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, September 25th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price objective on shares of Box in a research note on Friday, September 1st. Drexel Hamilton restated a “buy” rating and set a $28.00 price objective on shares of Box in a report on Monday, August 28th. Finally, Raymond James Financial, Inc. upgraded Box from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Monday, September 25th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $23.01.

Box Profile

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

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Institutional Ownership by Quarter for Box (NYSE:BOX)

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